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Microsofts best day since 2008 leads US stocks, while inflation worries remain in the bond market

NEW YORK (AP) — A monster day for Microsoft following signals that its big spending on AI is translating into profits led a powerful rebound on Wall Street, while AI stocks regained some of their sharp recent losses. The S&P 500 rallied 1. 7% Thursday and more than recovered its drop from the prior day. The Dow Jones Industrial Average rose 1. 2%, and the Nasdaq composite jumped 2. 8%. Microsoft delivered a bigger profit than analysts expected, which helped offset Meta Platforms’s drop it...

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